69,062 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 69,062 shares of the company’s stock, valued at approximately $939,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HAYW. Pacer Advisors Inc. purchased a new stake in shares of Hayward in the fourth quarter valued at approximately $37,000. Numerai GP LLC purchased a new stake in Hayward in the 3rd quarter worth $146,000. Teacher Retirement System of Texas purchased a new stake in shares of Hayward during the third quarter worth about $161,000. Everence Capital Management Inc. acquired a new stake in Hayward in the 4th quarter worth about $173,000. Finally, CIBC Asset Management Inc purchased a new stake in Hayward during the 3rd quarter worth approximately $195,000.

Insider Activity

In other news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $13.34, for a total value of $571,712.38. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $6,974,138.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HAYW shares. TheStreet raised Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Jefferies Financial Group downgraded shares of Hayward from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $14.00 in a research note on Thursday, January 11th. The Goldman Sachs Group raised their target price on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus increased their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Hayward currently has a consensus rating of “Hold” and an average price target of $14.70.

Hayward Price Performance

Shares of HAYW stock opened at $13.77 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. The firm’s 50-day moving average is $14.07 and its two-hundred day moving average is $12.99. Hayward Holdings, Inc. has a 12 month low of $9.80 and a 12 month high of $16.04. The company has a market capitalization of $2.96 billion, a PE ratio of 38.25 and a beta of 1.22.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $278.50 million for the quarter, compared to the consensus estimate of $271.47 million. Hayward had a net margin of 8.13% and a return on equity of 9.55%. Hayward’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. Analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current year.

Hayward Profile

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.